New answers tagged choice-theory
5
votes
Accepted
Hick's and Slutsky's approaches lead to different income effects. Why?
EMP being a dual of UMP is unrelated to income effects.
If $(c_0, b_0)$ denotes the initial demand, and $(c_1, b_1)$ denotes the demand after the price of coffee has changed, then
To find the ...
Top 50 recent answers are included
Related Tags
choice-theory × 73microeconomics × 42
preferences × 23
consumer-theory × 22
utility × 12
decision-theory × 8
social-choice × 8
mathematical-economics × 4
game-theory × 4
reference-request × 4
supply-and-demand × 4
uncertainty × 4
demand × 3
econometrics × 2
theory × 2
bayesian-game × 2
risk × 2
experimental-economics × 2
voting × 2
macroeconomics × 1
interest-rate × 1
self-study × 1
general-equilibrium × 1
expected-utility × 1
welfare-economics × 1